Peloton Interactive Inc. has picked the concord site in Cabarrus County, Ohio to begin construction on their treadmill manufacturing facility, named Peloton Output Park. This will be the company’s first factory in the United States and the construction costs for this facility are estimated at about $400 million. The Peloton Output Park is expected to provide about 2,100 jobs opportunities spanning across the corporate, manufacturing, assembly, and quality assurance industries.
Peloton Interactive intends to build their new state-of-the-art treadmill manufacturing facility with the main target of producing Peloton’s legendary Bike, Bike+ and Peloton Tread. The Peloton Output Park will occupy more than 200 acres of land with over one million square feet of space for manufacturing processes, ample office space for employees as well as other amenities. This will put the factory on the global map, by making it one of the largest manufacturing plants in the world. Other features will include a top-of-the-line fitness center and a showroom on-site, which will all be open to the community.
The development plans for Peloton Output Park include the incorporation of the latest technologies and automation techniques in the industry, to provide more efficient products and ensure the assemblage of quality units. Plans are also in place for the use of renewable energy sources to power the plant’s operations.
Peloton Interactive has plans to collaborate with the Ohio Development Service Agency and the Regional Growth Partnership to ensure that nearby residents are given more positions. The Governor of Ohio Mike DeWine was also excited about the partnership between Ohio and Peloton on the project. The Peloton Output Park Project is scheduled to kick off this summer and it’s expected that the facility will be completed in two years.
The CEO and co-founder of Peloton Interactive, John Foley in a statement said that the construction of the new facility will provide a well thought out advantage to ensure the company has the capacity, standard, and prudence in their bike and tread products, to foster continuous growth now and in the future years ahead.